Mamdani’s victory puts socialist economic policies in NYC spotlight

The Big Money Show is shown in the New York Mayor’s race and achieves the platforms of Democratic candidate Zahran Mamdani.
The Association Association in New York, Zahran Mamdani, put in the preliminary elections of the Democratic Party to nominate the mayor of New York City, its economic policies in the foreground, as it aims to manage the city most acquired in the country.
Mamdani, 33, a democratic member of the state association represents Queens, who is also a member of the Democratic Socialists in America as well as the working families Party.
The Mamdani platform focused on a number of issues that have committed socialism in the Democratic Party, including raising the minimum wage, long -distance walking taxes on wealthy companies and Americans, and breaking the delivery applications, as well as investing in well -affected housing and creating groceries owned by the city.
His campaign proposes a new new wage law that would raise the bottom of the city’s jobs to $ 30 per hour by 2030, which will increase automatically based on the changes in the cost of living.
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The New York Association Council Member Zahran Mamdani is a democratic socialist who won the preliminary elections for the Democratic Party for the Mayor of New York City. (Adam Gray / Bloomberg via Getti Embers / Getty Earth)
Mamdani suggested raising the company’s tax rate in New York City to match the tax rate in New Jersey, which is believed to bring 5 billion dollars.
He also called for an additional 2 % flat tax on New York families, which earns more than a million dollars annually. To provide additional funding for his plans, Mamdani campaign calls for more tax account auditors, collecting fines from owners and reforms to purchases and contracting to increase one billion dollars of revenues.
The association’s man carried a campaign to build 200,000 new units of “affordable houses, designed by the union, stable rent” over the next decade-in addition to freezing rents immediately for all independent tenants.
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Mamdani called for higher taxes on the wealthy companies and population. (Photo Yuki Iwamura / AFP via Getty Images / Getty Images)
His campaign is also characterized by a plan “to implement free children’s care for both New Yorker, between the ages of 6 weeks to 5 years, while providing” children’s baskets “to new parents and guardians who include elements such as diapers, children’s napkins, nursing platforms, postpartum platforms, upright, books,” without any cost for new parents.
Mamdani criticized the delivery applications platforms, with his website in his campaign, explaining that “birth – 80,000 black and brown workers and migrants – are exploited by the application companies that demand them to deliver delivery operations at a dangerous rate.”
“Moreover, application companies classified delivery workers as independent members, instead of employees, so that they can avoid providing them with the rights and benefits that all workers deserve.” Delivery applications are usually classified as independent contractors, giving them flexibility to set their own hours and determine the delivery operations they want to deal with.
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The Mamdani platform calls for immediate rental rental on rental tenants for rent as well as building 200,000 units of homes that settle for new rent. (Gary Hershorn / Getty Images / Getty Images)
To address what it sees as the risks created by delivery applications, the Mamdani platform calls for enhancing licensing requirements for such applications while also working on “expanding capacity and resources to support deliveries, and improving street infrastructure including the expansion of DOT cycling programs and investing in the stages of birth.”
He also called his campaign platform to eliminate the city’s bus knight with priority corridors and jumping the bus waiting list with custom passengers.
Mamdani also suggested the creation of the city’s grocery stores by redirect money from grocery stores for companies, claiming that the city’s stores would focus on “low prices, not to skiing.”
Grocery stores will not pay rental taxes or property taxes, which would allow them to reduce public expenditures and pass savings to shoppers, according to Mamdani. They will also buy and sell at wholesale, storage and distribution centralization, and partnership with local neighborhoods on products and sources.
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In an interview with Mars, Mamdani estimated that a pilot program for this plan would cost $ 60 million to implement, but he said that the city is scheduled to spend more than twice that on the company’s supermarkets.
Fox Business’ Daniella Genovese contributed to this report.
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2025-06-25 18:20:00